FX Empire on Nostr: AUD to USD Forecast: Can Falling Aussie Confidence Delay RBA Rate Hike? ========== ...
AUD to USD Forecast: Can Falling Aussie Confidence Delay RBA Rate Hike?
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Australian consumer sentiment figures will be released on June 25. A decline in consumer confidence could impact consumer spending and inflationary pressures, potentially delaying an RBA rate hike. The Westpac Consumer Confidence Index is forecasted to fall by 0.1% to 82.0 in June. A larger-than-expected decline could ease fears of a rate hike. In May, the index fell by 0.3% to 82.2. The Australian CPI Monthly Indicator is expected to increase from 3.6% to 3.8% in May, which could support an RBA rate hike. US CB Consumer Confidence Index will also be released on June 25. Economists forecast a decline from 102.0 to 100.0 in June. A larger-than-expected decline may support expectations of a September Fed rate cut. FOMC member commentary on inflation and interest rate cuts should be monitored. Near-term AUD/USD trends will depend on inflation numbers. Rising threats of an RBA rate hike and expectations of a Fed rate cut could move AUD/USD toward $0.70.
#Aud/usd #RbaRateHike #ConsumerConfidence #Inflation #FedRateCut
https://www.fxempire.com/forecasts/article/aud-to-usd-forecast-can-falling-aussie-confidence-delay-rba-rate-hike-1440863Published at
2024-06-25 03:13:14Event JSON
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"content": "AUD to USD Forecast: Can Falling Aussie Confidence Delay RBA Rate Hike?\n==========\n\nAustralian consumer sentiment figures will be released on June 25. A decline in consumer confidence could impact consumer spending and inflationary pressures, potentially delaying an RBA rate hike. The Westpac Consumer Confidence Index is forecasted to fall by 0.1% to 82.0 in June. A larger-than-expected decline could ease fears of a rate hike. In May, the index fell by 0.3% to 82.2. The Australian CPI Monthly Indicator is expected to increase from 3.6% to 3.8% in May, which could support an RBA rate hike. US CB Consumer Confidence Index will also be released on June 25. Economists forecast a decline from 102.0 to 100.0 in June. A larger-than-expected decline may support expectations of a September Fed rate cut. FOMC member commentary on inflation and interest rate cuts should be monitored. Near-term AUD/USD trends will depend on inflation numbers. Rising threats of an RBA rate hike and expectations of a Fed rate cut could move AUD/USD toward $0.70.\n\n#Aud/usd #RbaRateHike #ConsumerConfidence #Inflation #FedRateCut\n\nhttps://www.fxempire.com/forecasts/article/aud-to-usd-forecast-can-falling-aussie-confidence-delay-rba-rate-hike-1440863",
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